Avaada Agrees on Green Ammonia Project in Odisha with Tata Steel SEZ
09.08.2023 By Tank Terminals - NEWS

September 8, 2023 [Renewables Now]- India’s Avaada Group on Thursday announced plans to build a green hydrogen and ammonia production facility at the Gopalpur Industrial Park in the state of Odisha.

 

The group said in a statement that it has entered into a memorandum of understanding (MoU) with Tata Steel Special Economic Zone Ltd (TSSEZL), described by Avaada chairman Vineet Mittal as a “crucial milestone” in the realisation of its green ammonia venture.

The announcement did not give details about the exact size of the project, only mentioning that it is expected to curtail annual carbon dioxide (CO2) emissions by almost 2 million tonnes. The development is also seen to create around 1,600 direct and 4,000 indirect employment opportunities.

“In light of the unparalleled support and robust initiatives from the Government of Odisha, I am actively encouraging all division heads within our group to amplify investments across various sectors in the state. […] The single-window clearance system in Odisha is not merely a policy on paper but a lived reality, making it an ideal destination for sustainable business growth,” Mittal added.

 

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

UAE Invests Billions in AI to Diversify Economy Beyond Oil
11.13.2024 - NEWS
November 13, 2024 [Oil Price]- The United Arab Emirates’ state-owned energy giant Abu Dhabi Nat... Read More
Gulf Energy Transition: Assessing Saudi and Emirati Goals
11.13.2024 - NEWS
November 13, 2024 [The Washington Institute]- On October 29, during Saudi Arabia’s annual Futur... Read More
How will The Energy Sector Fare Under Donald Trump?
11.13.2024 - NEWS
November 13, 2024 [Investing Daily]- The energy sector experienced a notable boost following Dona... Read More
PNOC, Pertamina Partner on LNG Infrastructure, Supply Chain
11.13.2024 - NEWS
November 13, 2024 [Manila Bulletin]- State-run Philippine National Oil Company (PNOC) has signed ... Read More